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Grain Farmers of Ontario participates in EU trade mission

GUELPH, ON (January 28, 2011) – Agriculture Minister Gerry Ritz and Grain Farmers of Ontario chair, Don Kenny recently returned from a two day trade mission in Brussels, Belgium to advocate for a GM tolerance level for future shipments.

The European Union (EU), Canada’s largest export market for soybeans, currently has no tolerance for even minuscule traces of unapproved GM (genetically modified) material in imported grain shipments.   Meetings were held with EU Commissioners, Members of Parliament and key industry representatives to emphasize the importance of supporting science-based trade regulations.

“Canada exported almost a million tonnes of soybeans to the EU in 2009 and the zero tolerance rules are a big threat to future exports,” says Kenny. “Allowing a low-level presence of unapproved GM in future grain shipments would be a great benefit to our soybean farmers.”

2010 was a phenomenal year for soybean production in Ontario, Quebec and Manitoba as a record 4.2 million tonnes were produced. Of this production, approximately 2.7 million tonnes will be exported.

“Grain Farmers of Ontario is committed to protecting and expanding our soybean export markets and this trip was an excellent opportunity to discuss this important issue with EU officials,” says Kenny.

Grain Farmers of Ontario was proud to represent our country on this trade mission to the EU and would like to thank Agriculture Minister Gerry Ritz for advocating for a low-level tolerance of unapproved GM material in future grain shipments from Canada.

Grain Farmers of Ontario

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.

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Grain Market Commentary for February 21, 2018

Wednesday, February 21, 2018

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Commodity Period Price Weekly Movement
Corn CBOT March 3.65 ↑ 01 cents
Soybeans CBOT March 10.33 ↑ 14 cents
Wheat CBOT March 4.48 ↓ 06 cents
Wheat Minn. March 6.01 ↑ 01 cents
Wheat Kansas March 4.66 ↓ 09 cents
Chicago Oats March 2.59 ↓ 08 cents
Canadian $ March 0.7890 ↓ 1.03 points

Cash Grain prices as of the close, February 21, are as follows: SWW @ $205.96 ($5.61/bu), HRW @ $203.63/MT ($5.54/bu), HRS @ $231.13/MT ($6.29/bu), SRW @ $201.30/MT ($5.48/bu).

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Market Trends Report for February-March 2018

Monday, February 12, 2018

The winter season in North America is often one of hopes and dreams. With the January 2018 USDA report a month old the scope of the 2017 crop is now becoming a memory. Farmers have turned the page and will soon be planting corn in places like Texas. However, in the southern hemisphere corn and soybean crops are growing in the field and affecting prices every day. While the northern hemisphere freezes under the snow, weather in Argentina and Brazil has been defining the initial grain fundamentals for 2018.

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On February 8th, the USDA released its latest World Supply and Demand Estimates. (WASDE) The USDA lowered US corn ending stocks to 2.352 billion bushels down 125 million bushels from last month. This was totally related to an increase in US corn exports by the same amount. This was attributed to a weakened US dollar and reduction in both Argentinian and Ukrainian corn exports. Hot weather in Argentina had USDA lowering their corn production 2.8 MMT to 39 MMT. USDA maintained Brazil corn production of 95 MMT.

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